Hodge appoints Matthew Burton as Group Retail Director and Deputy CEO

In some more exciting internal changes this week, we’re delighted to announce that Matt Burton has been named as Hodge’s new Group Retail Director and Deputy CEO.  Matt will oversee our mortgage and savings business in addition to the operations and customer teams at Hodge, and will also be a permanent member of the Hodge board.

Matt joined us in 2015 as Head of Finance, before taking up the role of Managing Director of Mortgages in February 2019.

During his time at Hodge, Matt has been instrumental in the development of the bank’s mortgage products, including the launch of our 50+ and Holiday Let products. Matt has also been a member of the Equity Release Council since 2019 and was elected a board member in 2020. Matt will report directly into David Landen, Chief Executive at Hodge.

Chair of Hodge Graeme Hughes said of Matt’s appointment:

“In his five years at Hodge, Matt has made a notable impact on our mortgage portfolio and he will continue to build on this expertise within the savings and operations teams, in addition to continuing to lead the mortgage team.

“As we embrace the post-Covid world, Matt’s experience will help us grow and innovate within our market, responsibly delivering great lending and savings products for our customers and firmly putting our customers at the centre of our business.”

Commenting on his appointment, Matt said:

“I am absolutely thrilled to step into this role at Hodge and work with the executive team to help the business grow and thrive. We have developed some really great products for customers in the specialist lending market in recent years. Hodge are well-placed to continue to build on this while developing our savings business, improving our service and continuing to evolve our existing product range.”


Related articles

Hodge welcomes David Landen as permanent CEO

We’re delighted to announce that we’ve appointed David Landen as the new Hodge CEO, with immediate effect. David is one of Hodge’s longest serving colleagues, having joined us back in 2002. He has held several roles within the company and was appointed to the Board as Chief Financial Officer in 2011, before being named as deputy Chief Executive Officer in January 2019. He is a graduate of Cardiff University and won ‘Young Finance Director of the year’ at the 2013 Finance Awards Wales. <strong>Commenting on his appointment, David said</strong>: <blockquote>“It is a huge honour and privilege to be asked to lead Hodge during such an important time. Hodge has a fantastic heritage built over the last 60 years and with its unique ownership structure it enables us to build a sustainable business founded on our commitment to our customers. “With careful planning and a responsible strategy, I believe we cannot just respond to the challenges created by COVID-19, but really thrive in the new environment. I have a clear vision, focusing on Hodge’s strengths as a specialist lender and savings and annuities business; delivering for our customers through designing great products and providing fantastic customer experiences with Hodge colleagues being key to this success.”</blockquote> <strong>Our Chair, Graeme Hughes, said of David’s appointment: </strong> <blockquote>“David has been interim CEO during some of the most challenging times for the business and the economy. His clear and strong leadership throughout 2020 has demonstrated to the Board that there is no one better placed to step into this role than David. “Appointing David permanently as our CEO allows us at Hodge to turn our attention to pursuing our growth strategy and plan for the future knowing we are in safe hands.”</blockquote>

More details

Hodge signs up to Women in Finance Charter

We are very pleased to be one of the latest signatories to the HM Treasury Women in Finance Charter. Launched by HM Treasury, the Women in Finance Charter pledges companies to support the progression of women into senior roles to help encourage diversity within the financial services sector. <strong>The charter</strong> <ul> <li>Commits firms to supporting the progression of women into senior roles in the financial services sector by focusing on the executive pipeline and the mid-tier level</li> <li>Recognises the diversity of the sector and that firms will have different starting points – each firm should therefore set its own targets and implement the right strategy for their organisation</li> <li>Requires firms to publicly report on progress to deliver against these internal targets to support the transparency and accountability needed to drive change.</li> </ul> The commitment to the charter is part of our on-going <em>Wonder</em> programme which helps develop women into senior positions within the business through mentoring schemes, guest speaker events and networking opportunities. Other recent developments at Hodge include the introduction of flexible working schemes and the development of training initiatives, designed to promote a healthy work-life balance. Steve Pateman, CEO of Hodge said: “Diversity is one of the biggest assets to any company, and while financial institutions have traditionally fallen short in this area, signing up to the Charter shows our firm commitment to redressing the balance and creating an industry where everyone can succeed. “We strongly believe flexibility and diversity are key to driving innovation and creating excellent products for customers. Over the past year we’ve introduced flexible working, casual dress codes, leadership talks and enhanced training and development opportunities for our team, all designed to help create a supportive environment where people and ideas can thrive. “This just one step towards helping to create a better market and we will continue to champion innovation, flexibility and diversity at Hodge with more exciting developments to be announced throughout the rest the year.” Sarah Ellen-Stacey, head of people services at Hodge, said: “At Hodge, we’re committed to bringing greater gender balance to our management, leadership and board roles. “We believe diversity across the business, and at a senior level results in a better breadth of thinking, diverse contributions and creates a truly inclusive environment that ensures our people flourish. “The Women in Finance Charter is a great opportunity for us to show our commitment to our belief that by working together, across the sector, we can make a real difference to women working in finance and financial services will thrive as a result.”

More details

Hodge reports record results

Hodge Bank, which specialises in commercial and later life lending recorded pre-tax profits of £22.8 million, driven primarily by excellent new business and fee levels in commercial lending. Net interest income rose by 97% to £13.2 million and net operating income from trading activities rose by 86% to £14.3 million. Hodge Life Assurance Company, which offers equity release and annuities under the Hodge Lifetime brand, made £27.4 million pre-tax, resulting from strong trading underpinned by a significant increase in pension annuity new business premiums which were 61% up on the previous year. Group total assets exceeded £1.9 billion at the end of the financial year. Keith James, Chairman of both companies said: “It has been a tremendous year. Following the business’ move to One Central Square last September, and its rebrand to trade under the Hodge name, the group’s result has been underpinned by a record performance in both of our main businesses, and we have created a very strong platform for future growth” David Austin, Group Managing Director noted: “We are very proud of our 2016 results, and I’m grateful to our staff who have played an important part in this achievement. Nevertheless, we enter 2017 with a degree of caution. The adoption of a new financial reporting regime has meant that market factors such as interest rates and house prices have a much greater influence on the reported outcome than previously, and whilst the effect has been favourable in 2016, our results will inevitably be more volatile in future. However, the fundamentals underpinning our business remain strong and I have no doubt we can deal with the vagaries of market movements as they occur.” The success of the Hodge group has enabled dividends to be paid to The Hodge Foundation, a charity supporting welfare, medical, academic and religious causes which owns 79% of the Hodge group. By helping its customers to achieve their goals and being successful in its own right, the group assists the Foundation in meeting its charitable objectives.

More details